Supply Chain Management - 4

LIST OF ATTEMPTED QUESTIONS AND ANSWERS

Select The Blank
Question
Exponential smoothing can be viewed as forecast continually________ by the forecast error just made.
Correct Answer
Updated
Your Answer
Updated

True/False
Question
The constraints in multiple equation methods will probably be different for different groups.
Correct Answer
True
Your Answer
True

Multiple Choice Single Answer
Question
The location decision in supply chain entities are concerned with:-
Correct Answer
Plants
Your Answer
Plants

True/False
Question
Postponement does guarantee win win situation under all circumstance in spite of cost involved.
Correct Answer
True
Your Answer
False

True/False
Question
The estimate is that the 3 PL industry will quadruple its size in next five years.
Correct Answer
False
Your Answer
True

True/False
Question
The impact of indirect cost increase is sometimes not limited to company implementing postponement, but affects the other players in the supply chain.
Correct Answer
True
Your Answer
True

Multiple Choice Single Answer
Question
The co-ordination between various players in the supply chain is the key for the effective :-
Correct Answer
Management
Your Answer
Management

Select The Blank
Question
We have criteria for ________ forecasts, however generalized they are.
Correct Answer
Distinguishing
Your Answer
Comparing

Multiple Choice Single Answer
Question
To achieve standardization & customization at the same time, what will have to be done with products?
Correct Answer
Develop new products with robust design
Your Answer
Improve regular product with better design

Multiple Choice Single Answer
Question
Which of the following has great impact on current business performance with respect to SCM?
Correct Answer
Right Customer
Your Answer
New Technology

Multiple Choice Single Answer
Question
How many levels the supply chain management is divided into ?
Correct Answer
Three
Your Answer
Three

Multiple Choice Multiple Answer
Question
The SCM key metrics should be closely aligned to the company's strategic objectives. In this measurements usually covers :-
Correct Answer
Internal Business , Training , Customer
Your Answer
Internal Business , Training , Customer

Multiple Choice Multiple Answer
Question
The box jenkins method requires forecasters to :-
Correct Answer
Use their experience , Use their expert judgment , Use their Knowledge
Your Answer
To make judgments , Use their experience , Use their expert judgment

Multiple Choice Multiple Answer
Question
The category of forecasting are :-
Correct Answer
Short Term , Medium Term , Long Term
Your Answer
Short Term , Medium Term , Long Term

Multiple Choice Multiple Answer
Question
JIT is :-
Correct Answer
Top Down system , Centrally organized , Imposed production system
Your Answer
Centrally organized , Imposed production system , Implement procurement system

Match The Following
Question
Correct Answer
Your Answer
Analytical Solution
Is the possibility of using mathematical methods to obtain exact information on question of interest.
Is the possibility of using mathematical methods to obtain exact information on question of interest.
Modeling
Is the process by which we try to gain the understanding of how the corresponding system behaves.
Is used to evaluate the impact of information sharing and Co-Ordination.
Simulation
Is the tool for understanding issues of organizational decision making.
Is the tool for understanding issues of organizational decision making.
System
Is the facility or process of interest.
Is the facility or process of interest.

True/False
Question
In practice, the data items for MPS will have normally same value in each week.
Correct Answer
False
Your Answer
True

Multiple Choice Multiple Answer
Question
Fixed quantity systems :-
Correct Answer
Can cope well with demand variability , Facilitate lower stocks , Orders can not be consolidated to secure supplier discounts
Your Answer
Are easy to manage , Can cope well with demand variability , Facilitate lower stocks

Select The Blank
Question
The mode choice aspect of transport decisions are more ________ ones, as they are closely linked with inventory decision.
Correct Answer
Strategic
Your Answer
Strategic

Multiple Choice Multiple Answer
Question
EDIFACT is :-
Correct Answer
Standard in Europe in Mid 80's , Accepted by US(ANSI) to supersede X 12 , Promoted as world ADI Standard
Your Answer
Standard in Europe in Mid 80's , Accepted by US(ANSI) to supersede X 12 , Promoted as world ADI Standard

Multiple Choice Multiple Answer
Question
What are the prerequisites for change while Switching over to SCM?
Correct Answer
Shared Vision , Capacity for Change , Pressure For the Change
Your Answer
Pressure For the Change , Capacity for Change , Outbound Training

True/False
Question
Total productivity can be expressed as the overall measure of economic effectiveness.
Correct Answer
True
Your Answer
True

Multiple Choice Multiple Answer
Question
The key in effective management of the firms transport strategy is :-
Correct Answer
Shipment Size , Routing , Scheduling of Equipment
Your Answer
Shipment Size , Routing , Scheduling of Equipment

Multiple Choice Single Answer
Question
Whose brilliance & strength of productivity management is to provide themselves being one step ahead?
Correct Answer
Japanese
Your Answer
Japanese

Multiple Choice Multiple Answer
Question
Japan management related elements of Kanban are methods in which following techniques are included & interlinked :-
Correct Answer
Teamwork , Quality circle , Continual development
Your Answer
Teamwork , Quality circle , Continual development

Match The Following
Question
Correct Answer
Your Answer
MSE
Mean Square Error
Mean Square Error
MSD
Mean Absolute deviation
Mean Absolute deviation
CFE
Cumulative forecast error
Cumulative forecast error
MAPE
Mean Absolute Error
Mean Average Percent error.

Select The Blank
Question
The reduced stock holding eliminates ________ of goods.
Correct Answer
Double Handling
Your Answer
Double Handling

Multiple Choice Single Answer
Question
What was introduced by Toyoto to have a method of controlling production in new environment?
Correct Answer
Kanban
Your Answer
JIT

Multiple Choice Multiple Answer
Question
The benefit of MRP is that the process is automated, hence it :-
Correct Answer
Is quicker , Is less error prone , Can easily take other items that go to make final assembly
Your Answer
Is quicker , Is less error prone , Can easily take other items that go to make final assembly

True/False
Question
For a fixed time re-order cycle system, the time at risk is re-order lead time plus the re-order cycle time.
Correct Answer
True
Your Answer
True

True/False
Question
For total productivity, the Japanese concentrate on the indicators of various elements rather than measuring the output input ratio.
Correct Answer
True
Your Answer
True

Multiple Choice Multiple Answer
Question
The data entered for the problem scenario are :-
Correct Answer
Planning Resources Name , Capacity Unit of Planning Resourcing , Capacity Requirement per Product
Your Answer
Capacity Unit of Planning Resourcing , Capacity Requirement per Product , Total Number of Planning Resources

Select The Blank
Question
Periodic stock checks to count the stock physically enable the store to feed in ________ figures to reconcile physical stock against book stock.
Correct Answer
Adjustment
Your Answer
Revised

Select The Blank
Question
BOM can have ________ levels.
Correct Answer
Many
Your Answer
Many

Multiple Choice Single Answer
Question
If the cash flow of organization is affected then it means that forecasts are :-
Correct Answer
Inaccurate
Your Answer
Inaccurate

True/False
Question
The corporations production Kanban is the card which regulates the suppliers production kanban.
Correct Answer
False
Your Answer
True

Multiple Choice Single Answer
Question
SCM is the management philosophy to deal with integrated material & information flow, right from raw material to consumption of finished goods but the focus is given to :-
Correct Answer
End User
Your Answer
End User

Select The Blank
Question
Total annual cost is the function that we want to ________ by choosing an appropriate value of quantity.
Correct Answer
Minimise
Your Answer
Keep on reducing

Select The Blank
Question
The basic operators framework ________ that there is a link between capabilities & strategy on one hand & capabilities & resources & infrastructure on the other hand.
Correct Answer
Implies
Your Answer
Implies

Multiple Choice Single Answer
Question
Inadequate & excess inventory both are revenue losses for a business so as to avoid this, which of the following is required?
Correct Answer
TQM & JIT
Your Answer
TQM & JIT

Select The Blank
Question
Kanban process ________ focuses on the human factors of production.
Correct Answer
Indirectly
Your Answer
Indirectly

True/False
Question
The globalization of supply chain does not change the requirement within supply chain management.
Correct Answer
False
Your Answer
True

Select The Blank
Question
The fire in 1997 forced Toyoto to embark upon review of ________ that were sourced from single supplier.
Correct Answer
Components
Your Answer
Components

Multiple Choice Single Answer
Question
The result of all the factors is that there is not a single integrated plan for the :-
Correct Answer
Organisation
Your Answer
Supply Chain Management

Select The Blank
Question
The real benefits of Kanban will not be ________ until the auto-industry moves into a mixed production.
Correct Answer
Realized
Your Answer
Realized

Multiple Choice Single Answer
Question
The demand for one stop shopping has encouraged some of the large companies to set up their own :-
Correct Answer
Logistics Companies
Your Answer
Warehousing Companies

Multiple Choice Single Answer
Question
The third party logistics companies' capabilities are the result of extensive investment in :-
Correct Answer
Technology
Your Answer
Technology